Russia: TMK to pay dividends for 2016

The Pipe Metal Company held an annual meeting of the shareholders in Yekaterinburg on June 8. The shareholders have elected the board of directors and the revision commission. Ernst and Young LLC has been appointed the auditor. The meeting decided to pay dividends for 2016 in the amount of 1.96 rubles per ordinary share (2.024…


Russia: Evraz suspected in dumping in USA

American pipe manufacturers suspect the Canadian company of the Russian Evraz in dumping. They have also said that the pipe imports from Canada threaten the national security. Pipe manufactures have called on the authorities to limit imports. American manufacturers are dissatisfied with the decision of Cheniere Energy to choose Evraz as the main supplier of…


Ukraine: Ukrainian Exchange to exclude Alchevskkoks, AMK and Zaporizhstal shares from the list

The Ukrainian Stock Exchange intends to stop sales of Alchevsk Coke and Chemical Works, Alchevsk Iron and Steel Works and Zaporizhstal shares. According to the stock exchange, the decision has been taken because the companies have not disclosed their annual information. At the same time, the decision can be cancelled, if the companies disclose their…


Ukraine: Komsomolskaya Factory to process Pervomayskugol coal

The state enterprise Pervomayskugol intends to sign an agreement with Komsomolskaya Central Processing Factory to process coal valued at 15.96 million UAH. The purchase will be made based on the negotiation procedure, as the tender for the services has already been cancelled twice. The enterprise wants to order the processing of 168 thousand tons of…


Russia: Kamskaya Kuznitsa starts producing M90 nuts

Kamskaya Kuznitsa has started producing M90 nuts according to GOST 10605, GOST 10607 and DIN 934.

The nuts are produced of 40X steel by drop stamping. (Ukrainian metal)

Russia: Krasniy Octyabr output up in May 2017

In May Krasniy Octyabr Iron and Steel Works increased output.

According to the acting manufacturing director Sergey Marchenko, the output increase is connected with the installation of the new ABB transformer for arc furnace No. 5.

Brushed metal sales increased 2-fold YoY. (Ukrainian metal)

Ukraine: DTEK buys expensive Russian coal

DTEK buys its coal in Russia, despite the fact that in Rotterdam it’s cheaper.

The anthracite that DTEK delivers from its own mines in Rostov region costs $95 per ton.

Taking into account the basic fuel value the Russian anthracite is $13-15 per ton more expensive. (Ukrainian metal)

Russia: Kuzbass coal output up in January-May 2017

In January-May Kemerovo region enterprises mined 97.3 million tons of coal, up by 8% YoY.

According to the regional administration, in particular, 72.4 million tons of power-generating coal and 24.9 million tons of coking coal, up by 13.1% and down by 1% YoY respectively. (Ukrainian metal)

Ukraine: DTEK miners burned in methane ignition

At night there was a methane ignition at the DTEK Novodonetskaya mine.

As the result 4 miners got light burns.

The ignition occurred on the No. 3 northern face. At the time 122 miners were in the shaft. All of them returned to the surface. (Ukrainian metal)

Ukraine: coal stocks up in early June 2017

Coal stocks at Ukrainian thermal power plants from June 6 through June 12 increased by 1.8%, to 2.52 million tons.

According to the Ministry of energy and coal industry, anthracite coal stocks increased by 6.8%, to 608.8 thousand tons, gas-coal – by 0.4%, to 1.91 million tons. (Ukrainian metal)

Kazakhstan: Kazatomprom signs memos on digitalization of production with world’s leading companies

Within the framework of the International Exhibition “Astana EXPO-2017” in the pavilion The World of Nuclear Energy the signing of memorandums between NAC Kazatomprom JSC and Cameco Corporation, Uranium One Inc., CGN and AREVA was held. All four documents determine the opportunities for cooperation in implementing in Kazatomprom the tasks outlined in the Address of…


Ukraine: Evraz claims not cooperating with DPR

Evraz-Ukraine says is does not cooperate with the companies on the Ukraine-uncontrolled territories, nor does it supply metal there. The company notes that there are cases of illegal use of the Evraz brand without the corresponding consent. Earlier the Information Resistance group claimed that major Russian companies, including Evraz, were cooperating with the so-called Donetsk…


Russia: Nornickel to buy 5 tons of palladium

In 2017 Norilsk Nickel intends to buy as much palladium to its special fund as last year.

According to the financial director Sergey Malyshev, the prices are not “in the best shape” now. There would be no increase in the number of investors.

In 2016 Nornickel bought 5 tons of palladium. (Ukrainian metal)